The metal tank market is expected to reach $10.1 billion by 2023

   Febuary 11, 2019
According to a new market report published by Lucintel, the future of the global metal tank market looks promising with opportunities in oil and gas, industrial, and municipal applications. The global metal tank market is expected to reach an estimated $10.1 billion by 2023 with a CAGR of 3.3% from 2018 to 2023. The major drivers for this market are growing construction activities, increasing refineries, and growing industrialization.

Browse 109 market data tables and 145 figures spread through 234 pages and in-depth TOC on “Global Metal Tank Market"

To download report brochure, please go to and click "report brochure" tab from the menu.

In this market, different types of metal tank such as aboveground and underground are used as installation type. On the basis of comprehensive research, Lucintel forecasts that aboveground metal tanks will remain the largest segment and witness the highest growth over the forecast period due to easier access for repairs and maintenance.

Within the metal tank market, oil and gas will remain the largest end use industry and witness the highest growth over the forecast period due to new establishment of refineries and increasing exploration and distribution activities.

Asia Pacific will continue to be the largest market and witness the highest growth over the forecast period due to increasing oil and gas demand and retail fuel stations in developing nations such as China and India.

Emerging trends, which have a direct impact on the dynamics of the metal tank industry, include increasing use of sidewall insulation in metal tanks to maintain temperature and growing adoption of dual seam systems to emphasize strength and corrosion resistance. Worthington, Trinity Industries, McDermott, CIMC, Toyo Kanetsu, CST Industries, Palmer of Texas and others are among the major metal tank manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global metal tank market by installation type, end use industry, application, size, pressure type, build type, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Metal Tank Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global metal tank market by installation type, end use industry, application, size, pressure type, build type, and region as follows:

By Installation Type [Value ($Billion) from 2012 – 2023]:

  • Aboveground

  • Underground

By End Use Industry [Value ($Billion) from 2012 – 2023]:

  • Oil and gas

  • Industrial

  • Municipal and Others

By Application [Value ($Billion) from 2012 – 2023]:

  • Fuel

  • Water and Wastewater

  • Fire Protection

  • Industrial

  • Food and Beverage

  • Paper and Pulp

  • Others

By Size [Value ($Billion) from 2012 – 2023]:

  • Below 5,000 Gallons

  • 5,000 to 25,000 Gallons

  • Over 25,000 Gallons

By Pressure Type [Value ($Billion) from 2012 – 2023]:

  • Pressure

  • Non- Pressure 

By Build Type [Value ($Billion) from 2012 – 2023]:

  • Custom Fabricated at the Factory

  • Custom Fabricated and Field Erected

By Region [$M shipment analysis for 2012 – 2023]:

  • North America

  • Europe

  • Asia Pacific

  • The Rest of the World

This 234-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on